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PepsiCo Names Michael White
Its New Chief Financial Officer

By

Nikhil DeogunStaff Reporter of The Wall Street Journal

Updated March 27, 1998 12:23 a.m. ET

PepsiCo Inc. said Karl von der Heyden, the highly regarded former RJR Nabisco Holdings Corp. chief who was lured out of retirement to serve a one-year stint as PepsiCo's vice chairman and chief financial officer, will relinquish his post as finance chief.

But, in a development that cheered analysts and investors, Mr. von der Heyden said he would remain vice chairman and continue to work on special projects for Roger Enrico, PepsiCo's chairman and chief executive.